Now is a good time for owners of supramax bulk carriers, for which spot rates have reached some of the highest levels seen since 2008.
Day rates as high as $40,000 and even $60,000 are being heard in certain pockets of the market around the world.
Baltic Exchange panellists assessed the average supramax spot rate, which is weighted across 10 benchmark routes, $158 higher on Wednesday at $32,817 per day.
